{"id":496575,"date":"2022-07-25T05:08:34","date_gmt":"2022-07-25T05:08:34","guid":{"rendered":"https:\/\/uniquehot.com\/?p=496575"},"modified":"2024-06-11T14:21:51","modified_gmt":"2024-06-11T14:21:51","slug":"ethereum-stuck-range-1480","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/ethereum\/ethereum-stuck-range-1480\/","title":{"rendered":"TA: Ethereum Stuck In Key Range, Why $1,480 Is The Key"},"content":{"rendered":"
Ethereum failed again to settle above the $1,620 zone against the US Dollar. ETH is sliding and might struggle to stay above the $1,480 support.<\/em><\/p>\n Ethereum made another attempt to clear the $1,620 resistance zone<\/a>. ETH even spiked above the $1,640 and $1,650 levels. However, the bears were active near the $1,660 level.<\/p>\n A high was formed near $1,662 and the price started a fresh decline. There was a downside break below the $1,560 and $1,550 levels. Ether price declined below the 50% Fib retracement level of the upward move from the $1,488 swing low to $1,662 high.<\/p>\n The price is now trading below $1,560 and the 100 hourly simple moving average<\/a>. It is also trading below the 76.4% Fib retracement level of the upward move from the $1,488 swing low to $1,662 high.<\/p>\n However, it is still above the $1,500 support. Besides, there is a key bullish trend line forming with support near $1,500 on the hourly chart of ETH\/USD. An immediate resistance on the upside is near the $1,530 level. The first major resistance is near the $1,550 zone and the 100 hourly simple moving average.<\/p>\n <\/a><\/p>\n The main breakout zone is now forming near the $1,620 zone. A clear move above the $1,620 level could start a decent increase. The next key barrier is near the $1,660 level, above which the price might rise towards the $1,700 resistance zone.<\/p>\n If ethereum fails to rise above the $1,550 resistance, it could continue to move down. An initial support on the downside is near the $1,500 zone and the trend line.<\/p>\n A clear move below the trend line support might push the price towards the $1,480 support zone. Any more losses might even push ether price to the $1,400 support.<\/p>\n Technical Indicators<\/p>\n Hourly MACD \u2013 <\/strong>The MACD for ETH\/USD is now losing momentum in the bullish zone.<\/p>\n Hourly RSI – <\/strong>The RSI for ETH\/USD is now below the 50 level.<\/p>\n Major Support Level \u2013 $1,480<\/p>\n Major Resistance Level \u2013 $1,550<\/p>\n","protected":false},"excerpt":{"rendered":" Ethereum failed again to settle above the $1,620 zone against the US Dollar. ETH is sliding and might struggle to stay above the $1,480 support. Ethereum started another decline after there was a false break above $1,620. The price is now trading below $1,560 and the 100 hourly simple moving average. There is a key bullish trend line forming with support near $1,500 on the hourly chart of ETH\/USD (data feed via Kraken). The pair could start a fresh increase unless there is a clear move below the $1,480 support. Ethereum Price Tests Key Support Ethereum made another attempt to clear the $1,620 resistance zone. ETH even spiked above the $1,640 and $1,650 levels. However, the bears were active near the $1,660 level. A high was formed near $1,662 and the price started a fresh decline. There was a downside break below the $1,560 and $1,550 levels. Ether price declined below the 50% Fib retracement level of the upward move from the $1,488 swing low to $1,662 high. The price is now trading below $1,560 and the 100 hourly simple moving average. It is also trading below the 76.4% Fib retracement level of the upward move from the $1,488 swing low to $1,662 high. However, it is still above the $1,500 support. Besides, there is a key bullish trend line forming with support near $1,500 on the hourly chart of ETH\/USD. An immediate resistance on the upside is near the $1,530 level. The first major resistance is near the $1,550 zone and the 100 hourly simple moving average. Source: ETHUSD on TradingView.com The main breakout zone is now forming near the $1,620 zone. A clear move above the $1,620 level could start a decent increase. The next key barrier is near the $1,660 level, above which the price might rise towards the $1,700 resistance zone. More Losses in ETH? If ethereum fails to rise above the $1,550 resistance, it could continue to move down. An initial support on the downside is near the $1,500 zone and the trend line. A clear move below the trend line support might push the price towards the $1,480 support zone. Any more losses might even push ether price to the $1,400 support. Technical Indicators Hourly MACD \u2013 The MACD for ETH\/USD is now losing momentum in the bullish zone. Hourly RSI – The RSI for ETH\/USD is now below the 50 level. Major Support Level \u2013 $1,480 Major Resistance Level \u2013 $1,550<\/p>\n","protected":false},"author":67,"featured_media":464009,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[13625],"tags":[8323,1946,8686,78803],"class_list":["post-496575","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum","tag-eth","tag-ethereum","tag-ethusd","tag-ethusdt"],"acf":[],"yoast_head":"\n\n
Ethereum Price Tests Key Support<\/h2>\n
Source: ETHUSD on TradingView.com<\/a><\/pre>\n
More Losses in ETH?<\/h2>\n